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Financial Globalization and Post-communist Georgia

Global Exchange Rate Instability and Its Implications for Georgia

By: Vladimir Georgievich Papava,Vepkhia Chocheli

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Financial Globalization and Post-communist Georgia

Global Exchange Rate Instability and Its Implications for Georgia

By: Vladimir Georgievich Papava,Vepkhia Chocheli

In most cases the problems caused by financial globalization are identical in various countries, which is why it is especially important to develop some standard solutions. Nevertheless, it is also doubtless that economic "recipes" for "small" and "big" countries can be different and it would be a mistake to apply only a uniform approach to all of them. The book evaluates an international financial system development potential in the context of "corporate crises" started in the USA and a probable impact on international financial markets and business activities. With the introduction of the Euro, a "new three-pole world currency system" was established. In this connection, two quite sensational forecasts made during the last two years regarding the collapse of the US Dollar are analyzed. These forecasts make a pretty "gloomy picture" of the future of both the US Dollar and the international monetary system. The book draw reader's attention to global exchange rate instability and its implications for Georgia. It is demonstrated that as a small economy, Georgia cannot have any substantial influence on global economic developments; however, if it succeeds to pursue more-or-less reasonable economic policy, it may generate some positive results, or at least minimize negative ones.

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Page Count

64

Publisher

iUniverse

Published Date

ISBN 10

059530043X

ISBN 13

9780595300433

Financial Globalization and Post-communist Georgia

Global Exchange Rate Instability and Its Implications for Georgia

By: Vladimir Georgievich Papava,Vepkhia Chocheli

Write a review Read reviews Take a Quiz Solve Book Puzzle

Financial Globalization and Post-communist Georgia

Global Exchange Rate Instability and Its Implications for Georgia

By: Vladimir Georgievich Papava,Vepkhia Chocheli

In most cases the problems caused by financial globalization are identical in various countries, which is why it is especially important to develop some standard solutions. Nevertheless, it is also doubtless that economic "recipes" for "small" and "big" countries can be different and it would be a mistake to apply only a uniform approach to all of them. The book evaluates an international financial system development potential in the context of "corporate crises" started in the USA and a probable impact on international financial markets and business activities. With the introduction of the Euro, a "new three-pole world currency system" was established. In this connection, two quite sensational forecasts made during the last two years regarding the collapse of the US Dollar are analyzed. These forecasts make a pretty "gloomy picture" of the future of both the US Dollar and the international monetary system. The book draw reader's attention to global exchange rate instability and its implications for Georgia. It is demonstrated that as a small economy, Georgia cannot have any substantial influence on global economic developments; however, if it succeeds to pursue more-or-less reasonable economic policy, it may generate some positive results, or at least minimize negative ones.

Average ratings

N/A

5

0%

4

0%

3

0%

2

0%

1

0%

Solve jigsaw puzzle

Age

Page Count

64

Publisher

iUniverse

Published Date

ISBN 10

059530043X

ISBN 13

9780595300433